"... The trusted team, leading platforms, and unwavering commitment to clients that Moneris is known for will be leveraged and amplified by Francisco Partners in this next stage of growth,” he said. “We’re eager to see the accelerated investment in innovation and modernized solutions Moneris can bring to our valued business clients and the Canadian market.”
Peter Christodoulo, a Partner at Francisco Partners, believes that Moneris “is one of the strongest payments solution providers in North America, with a trusted brand, leading technology and a proven team that has helped shape the way Canadian businesses operate.”
“We see a significant opportunity to build on that foundation through continued investment in innovation, platform expansion and long-term growth, while preserving the deeply Canadian identity that has made Moneris a market leader, including its long-standing relationships with leading Canadian financial institutions, BMO and RBC,” he stated.
As part of the transaction, former Global Payments CEO Jeff Sloan will join Moneris as Chairman.
“Moneris has established itself as a leader, with a strong market position, a clear strategic vision, and a talented team that is deeply committed to its customers and partners,” remarked Sloan. “With the investment and support of Francisco Partners, Moneris is well-positioned to accelerate that strategy and continue building on its strong foundation.”
The transaction remains subject to customary closing conditions and regulatory approvals, and is expected to close by the end of the first quarter of BMO and RBC’s fiscal year 2027.
Moneris recently laid the foundation for agentic commerce in Canada.
RBC is Canada’s biggest bank—and company—with a valuation of nearly $300B."
source: RBC and BMO Agree to Sell Moneris Solutions to Francisco Partners for $2B | Fintech.ca
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